Associated British Foods plc (LON:ABF) Increases Dividend to GBX 69.30 Per Share

Associated British Foods plc (LON:ABF) declared a dividend on Tuesday, November 5th, Upcoming.Co.Uk reports. Investors of record on Thursday, December 12th will be given a dividend of GBX 69.30 ($0.90) per share on Friday, January 10th. This represents a yield of 3.03%. The ex-dividend date is Thursday, December 12th. This is a boost from Associated British Foods’s previous dividend of $20.70. The official announcement can be seen at this link.

Associated British Foods Stock Up 0.2 %

Shares of ABF opened at GBX 2,366 ($30.80) on Wednesday. The firm has a market cap of £17.41 billion, a P/E ratio of 1,523.87, a PEG ratio of 1.51 and a beta of 1.24. Associated British Foods has a 12 month low of GBX 2,158.50 ($28.10) and a 12 month high of GBX 2,770.66 ($36.07). The stock’s 50 day moving average is GBX 2,326.91 and its two-hundred day moving average is GBX 2,468.09. The company has a current ratio of 1.79, a quick ratio of 0.93 and a debt-to-equity ratio of 33.71.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ABF. Deutsche Bank Aktiengesellschaft lowered shares of Associated British Foods to a “sell” rating and cut their price target for the stock from GBX 2,290 ($29.81) to GBX 2,190 ($28.51) in a report on Tuesday, August 27th. Shore Capital reiterated a “buy” rating on shares of Associated British Foods in a research report on Tuesday, September 3rd.

Associated British Foods Company Profile

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Ingredients, Agriculture, Sugar, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.